Date: 7-30-2012
To: Victor
From:
Subject: Project Part 1 Voter Victor. The United States is said to have a mixed economy. This is because of privately owned businesses and government both plays important roles. The American free enterprise system is based solely on private ownership. The American economy is indeed a consumer based and a capital based economy. A mixed economy is an economic system in which both the state and the private sector direct the economy, reflecting the characteristics of both market and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight.
Because the United States economy is driven by perhaps the best example of a consumer-based society and a capital-driven citizenry, it is important to understand and interpret what role the US government plays in the operations of our economy. Historically, the degree to which the government has played a role in the economic structure of the country has defined the large differences in the outlook and well-being of the citizens of the United States. Whether this meant the institution of greater social programs and economic safety-nets under FDR's "New Deal," or the lessening of governmental influence in the capitalist days of Reaganomics, the role of the US government in the acquisition and redistribution of money in society is central to understanding the relationship between resources and the citizenry. (Parry, 2012)
In today's society the United States government is the protector of consumers. In this day in age the government intervenes in the marketplace to help guard public health by setting manufacturing standards; conducting laboratory tests on food, medicines, and other products. They also provide consumer information on these products such as milk, which must have an expiration date and must be handled in sanitary conditions. (B,